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Culture Documents
Good customer services can help an organization dominate the market, whereas,
negligence in this area can cause a great deal of loss. Customer
service is importance to our business because it's retains customers and extracts more
value from them. By providing top-notch customer service, businesses
recoup customer acquisition costs and cultivate a loyal following that refers customers,
serves as case studies, and provides testimonials and reviews.
Cons:
- Attracting customers who are not ideal
- Set-up costs
- On-costs that must be covered by attracting increased sales
- Reward(s) that might not be sufficiently motivating to win long-term loyalty
- Redemption processes that might be too complex for customers
- The time and money it would take an average customer to accumulate sufficient points
for a worthwhile reward
- Loyalty can be to the incentive rather than the supplier, which could mean loss of
business once the programme ceases